getting paid on time

Getting customers to pay on time

By Hugh Bowman / February 21, 2019

Today I’ve got a little topic that came up with one of my customers which is really common. It is getting paid on time. This business is in the construction industry and it’s the start of February and guess what, they haven’t been paid

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How to work out your profit margin

By Hugh Bowman / February 20, 2019

There are many reasons people decide to run their own business and one of the most important is to make profits.  So let’s learn the proper way to work out how to quote for jobs with a specific profit margin.  Just like the last blog, it’s easier to follow the process by using an example.

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Full cost plus work calculation

By Hugh Bowman / February 12, 2019

This is the last video in the three-part series on how to calculate cost plus work. In the previous two blogs and videos, the different parts of this calculation have been covered and this final one brings them altogether.

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How much to mark up cost plus work

By Hugh Bowman / February 11, 2019

There are many reasons people decide to run their own business and one of the most important is to make profits.  So let’s learn the proper way to work out how to quote for jobs with a specific profit margin.  Just like the last blog, it’s easier to follow the process by using an example.

To keep everything clear, we’ll use straight forward maths so the process is easy to follow and you can repeat it in your business.

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How to allow for overheads in cost plus work

By Hugh Bowman / February 8, 2019

Today we’re going to learn about how to allow for overheads when calculating cost plus work.  Knowing how to do this will help keep your business profitable and will ensure all your hard work pays off. 

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How to Calculate Real Wage Costs

By Hugh Bowman / February 8, 2019

Knowing the real cost of wages to your business is critical for being able to put together accurate quotes that ensure profits for every job. There are a number of steps that need to be followed to work out the real cost of wages and the easiest way to explain it is with an example.

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saving on overtime

4 ways to save on overtime

By Hugh Bowman / July 12, 2017

Are you the kind of business owner that thinks just because you are busy it is worth working overtime to ‘get more work done’?  If this is true then you are probably not making any profit on that extra work and would be better off relaxing with your feet up sitting on the beach.

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